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NEW YORK, April 15, 2011 (GLOBE NEWSWIRE) -- Pomerantz Haudek Grossman & Gross LLP is investigating claims on behalf of investors of Community Health Systems, Inc. ("Community Health" or the "Company") during the period from April 26, 2006 – April 8, 2011 (the "Class Period"). Such investors are advised to contact Rachelle R. Boyle at rrboyle@pomlaw.com or 888-476-6529, ext. 237.

Community Health provides services through the operation of hospitals in the United States. Specifically, the investigation relates to a lawsuit alleging that Community Health employed a number of improper admissions tactics in order to inflate revenue and profits, including encouraging medically unnecessary admissions at its hospitals to increase payments from Medicare.

In response to this news, Community Health shares fell $14.41 or more than 35 percent on April 11, 2011.

The Pomerantz Firm, with offices in New York, Chicago, and Washington, D.C., is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com .